Charitable Remainder Unitrust Income – A Valuable Spigot

Ronald D. Philgreen (Director, Charitable Tax Planning Center, Inc.) has recently posted on SSRN his article entitled Give a Spigot to Your Kids. 

Here is an abstract of his article:

Using the visual analogy of a Charitable Bucket TM based on his published software/dvd series to explain the charitable remainder unitrust, the author presents an estate planning case that resulted in twelve unitrusts for one elderly lady, funded with low basis, highly appreciated P&G common stock.

Initial unitrust income (aka Spigot Income) flows to Aunt Bessie, with successor Spigot Incomes at her death to her kids – 12 nieces and nephews. The charitable remaindermans will flow to her charitable family foundation. The gift of Spigot Income to your kids is an income stream that they can never outlive coming from a base they can never destroy.

She got it. She loved it. She did it.